Residents of the Dnestr Republic protest against new customs rules imposed by Moldova.
Photo: Andrey Fedoruk
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Blockade Restores Economy
Economy Ministry of Moldova’s breakaway Dnestr Republic has drawn up the half-year results. The economic blockade by Moldova and Ukraine led to the 38-percent decline in industrial output but, at the same time, boosted engineering, construction and other branches focused on domestic demand.
Backed up by Ukraine that is the basic transit territory for the separatist Dnestr Republic, Moldova banned March 3 using documents of the Dnestr customs for export activities. The Dnestr Republic called that move of Moldova the economic blockade, and Moldova rebuffed by referring to today's situation in the Dnestr as to the self-isolation of the region.
As a result, the Dnestr industry slid 38 percent in the first half-year to 1.7851 billion Dnestr rubles ($215.8 million). The greatest decline was posted in the critical iron industry of the region, where the output dropped 59.3 percent from $190.7 million to $77.6 million. Wine production went down by 48.4 percent and cognac output lost 39.9 percent on the ban of Russia’s authorities on alcohol import from Moldova.
At the same time, engineering, machine-tool building and metal processing grew 18.1 percent (though the turnover fetched only $5.9 million), light industry gained 2.6 percent, foods increased 7.5 percent, wood processing/furniture industry stepped up 8.6 percent and production of construction material boomed 41.3 percent, from $4.6 million to $6.59 million, ranging from the parquet to cement.
www.kommersant.com
All the Article in Russian as of July 24, 2006
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